Manager Finance at Abbott

Mumbai, Maharashtra, India

Apply Now

Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

HealthcareIndustries

Requirements

CA with 7+ years of experience
Must have knowledge of SAP ERP
Fluent in English
Good presentation skills

Responsibilities

Handle end-to-end fixed asset lifecycle, including acquisitions, capitalization, depreciation, impairment, and disposals
Conduct physical verification of fixed assets
Maintain fixed asset registers and reconcile with SAP system
Perform capital expenditure analysis in coordination with business teams
Exercise control on movement of assets and accounting
Prepare Fixed Asset Register (FAR) for statutory reporting and establish reconciliation between India & US books
Implement management action plans to remediate audit observations
Ensure physical verification of inventory
Manage inventory movement, purchase register invoice reconciliation with FI, inventory reconciliation, quantity movement, and FIFO valuation for local reporting
Prepare purchase register at landed cost
Handle custom duty, CHA, and freight reconciliation
Manage custom duty deferment and schedule preparation
Coordinate with customer service and distribution centers (Belgium, US, and Malaysia)
Process ICB in CORA, account for intercompany transactions ensuring compliance with local tax laws and company policies
Raise quarterly ICB for CRM R&D & GDSA divisions and monthly ICB for HK warranty
Coordinate with affiliates for ICB acceptance and compliance documents
Handle payout of ICBs payable (including import transactions) and follow up for collection of ICBs receivable
Ensure intercompany balances match with affiliate balances at month-end on WD2 and address differences timely
Prepare intercompany schedules, review, and clean-up old balances in coordination with affiliates
Identify scope for cost recovery of expenses, execute ICB agreements, and set up accounting processes
Ensure annual write-off of cross charges in SAP by April each financial year
Support preparation of notes to accounts for FA, inventory, and related party reporting
Perform monthly reconciliation of intercompany mark-up and correct differences
Conduct foreign currency revaluation for 0L & N2 after IC accounting and matching
Support TB review at month-end and BS split project
Prepare expense analysis schedules
Support BS review and reconciliation
Support completion of all audits and assessments

Skills

SAP

Fixed Assets Accounting

Depreciation

Inventory Reconciliation

FIFO Valuation

CapEx Analysis

Intercompany Billing

ICB

CORA

Statutory Reporting

Physical Verification

Custom Duty Reconciliation

Abbott

Healthcare solutions in diagnostics and devices

About Abbott

Abbott Laboratories focuses on improving health through various medical technologies and health solutions. The company operates in areas such as cardiovascular health, diabetes management, diagnostic testing, nutrition, and neuromodulation for chronic pain and movement disorders. Abbott's products include advanced medical devices and diagnostic tests that help healthcare professionals and patients manage health conditions effectively. For example, their cardiovascular technologies assist in heart health management, while diabetes care products enable accurate glucose monitoring without painful fingersticks. Unlike many competitors, Abbott emphasizes accessibility and affordability in its offerings, aiming to make life-changing technologies available to a broader audience. The company's goal is to positively impact global health and well-being, supported by a commitment to sustainability and a 2030 Sustainability Plan.

Lake Bluff, IllinoisHeadquarters

1888Year Founded

IPOCompany Stage

HealthcareIndustries

10,001+Employees

Risks

Departure of key leader Dr. Adamson may affect Abbott's Heart Failure division.

Integration challenges with Medtronic could impact glucose monitor-insulin pump rollout.

Thermo Fisher's microfluidics expansion may increase competition for Abbott.

Differentiation

Abbott integrates continuous glucose monitoring with automated insulin delivery systems.

Abbott's microfluidic devices streamline diagnostic processes efficiently.

Abbott's neuromodulation products target specific nervous system areas for chronic pain relief.

Upsides

Microfluidic technology offers cost-effective solutions in diagnostics.

Strategic partnerships like Abbott-Medtronic enhance product offerings and market reach.

Significant investments indicate strong market confidence in Abbott's healthcare solutions.

Land your dream remote job 3x faster with AI

Try Jobo Free